Salary Hike: HR News, Trends & Workplace Insights

Latest Salary Hike HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike.

Updated on: May 2022

Survey & Report

India Inc to see an average . salary hike this year, Report

May 14, 2022

IT companies to raise entry-level salaries for fresh graduates

As entry-level employees in Indias IT companies continue to rise faster, the IT firms are now focus...

Industry

Apr 25, 2022

IT companies to raise entry-level salaries for fresh graduates

Infosys to hire , freshers in FY, Salary Hike in this month

IT major, Infosys said that it has already hired , freshers both off-campus and on-campus in th...

Industry

Apr 16, 2022

Infosys to hire , freshers in FY, Salary Hike in this month

TCS announces salary hike from April , will hire K freshers in QFY

Indias largest IT services provider company Tata Consultancy Services TCS had added over ...

Hiring

Apr 16, 2022

TCS announces salary hike from April , will hire K freshers in QFY

Industry

IndiGo pilots upset with 8% pay hike after 28% cut

Pilots of India’s largest passenger airline, IndiGo are disappointed over the recent 8 per cent salary hike announced by the airline. They were expecting the restoration of the 28 per cent cut, that was imposed two years back. “Around 28 per cent of our salary was cut during the pandemic, instead of restoring it to […]

Apr 5, 2022

Survey & Report

Average increment in India likely to increase to 9.1% in 2022: Report

Indian companies are expected to dole out an average increment of 9.1 percent in 2022, higher than the pre-COVID-19 increment in 2019, as companies are focusing on retention of talent through rewards. According to the 2022 Workforce and Increments Trends Survey by Deloitte Touche Tohmatsu India LLP, the average India 2022 increment is expected to […]

Mar 3, 2022

Industry

Amazon plans to more than double base pay cap for employees

According to a Reuter report, Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for U.S. employees, according to a company memo. The memo does suggest the increase in compensation will be applicable for most jobs globally. The hike will allow Amazon to hire the […]

Feb 10, 2022

Industry

Bank of America raises base pay for top bankers

Bank of America Corp is raising the base salary for senior bankers, according to a person familiar with the matter, its latest attempt to retain top talent in one of the most competitive years for pay on Wall Street. Just a day earlier, the bank said 97% of its employees would get special compensation awards […]

Jan 27, 2022

Industry

TCS ramping up promotions to retain talent, 200000 women in workforce

On January 12, India’s IT services provider Tata Consultancy Services (TCS) has announced its third-quarter results for the financial year 2022. All three Top IT Companies in India TCS, Infosys, and Wipro have reported a jump in attrition rate which leads to an increase in the number of freshers hiring in Q4. Attrition TCS attrition inched up […]

Jan 15, 2022

Industry

Google raises salaries of top brass after ‘refusing’ to hike workers’ pay

After informing employees last month that it wouldn’t automatically adjust salaries to account for inflation, Google is giving four of its top-most senior executives a significant pay hike, raising their base salaries from $650,000 to $1 million. The new pay packages for Chief Financial Officer Ruth Porat; senior vice president Prabhakar Raghavan (in charge of Google search); senior vice […]

Jan 6, 2022

Survey & Report

India to see bigger pay rises from next fiscal year

Employees in India will see bigger pay rises next fiscal year as firms expect to emerge from lockdowns and the supply of applicants lags demand, according to recruiters. Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus, according to Michael Page and Aon Plc. That’s higher than […]

Jul 24, 2021

Industry

Grofers rolls out 33% salary hike for its tech team

Online grocery delivery platform Grofers announced on Monday that it will offer a 33 per cent hike in salary to its tech team effective July 2021, along with a “hefty ESOP allocation” as the online grocery delivery platform looks to retain staff and woo more tech talent. The SoftBank-backed company, which plans to launch an […]

Jun 25, 2021

Industry

Panacea Infosec rolls out 30-40% salary hike, effective April 21

Panacea Infosec rolls out 30-40% salary hike, to add 25-35% people to its workforce Panacea Infosec, a Cybersecurity firm has given 30-40 per cent hike in salaries for all employees with effect from April 2021. The company also announces to add 25-35% people to its workforce. Currently, we have around 230 employees and planning to […]

May 21, 2021

Industry

GX Group rolled out bonus of one month’s basic salary in April 2021

GX Group rolled out bonus of one month’s basic salary in April 2021 GX India rolled out bonus for its employees, which is equal to one month’s basic salary in April 2021. This has come in times of pandemic when most companies are deferring salary hikes and bonuses. The company has rolled out bonus to […]

May 5, 2021

Industry

TCS rolled out Pay Hike from April 2021, Who will not get it?

TCS rolled out Pay Hike from April 2021, Who will not get it? India’s biggest IT major, Tata Consultancy Services (TCS) had announced its second salary hike within six months, effective from the month of April 2021. Previously, the company rolled out its first salary hikes by 6-8% in October 2020. With the upcoming hike, […]

Apr 19, 2021

Industry

LIC rolls out 16% salary hike, 5-day-work week, and special allowance

LIC rolls out 16% salary hike, 5-day-work week, and special allowance After a long time, Life Insurance Company (LIC) has announced a salary hike of 16% for all employees. Over one lakh employees of LIC will benefit from the wage revision that has come along with several other perks. Earlier to this, LIC employees got […]

Apr 18, 2021